ARGI Investment Services LLC acquired a new position in Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,521 shares of the company’s stock, valued at approximately $2,306,000.

Several other institutional investors also recently bought and sold shares of the company. Swiss National Bank raised its position in shares of Kimberly-Clark Corporation by 20.5% in the first quarter. Swiss National Bank now owns 1,657,528 shares of the company’s stock valued at $218,180,000 after buying an additional 282,300 shares during the period. Decatur Capital Management Inc. acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $7,454,000. Delta Asset Management LLC TN raised its position in shares of Kimberly-Clark Corporation by 2.4% in the first quarter. Delta Asset Management LLC TN now owns 3,020 shares of the company’s stock valued at $397,000 after buying an additional 70 shares during the period. Sequent Asset Management LLC acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at about $237,000. Finally, Davis R M Inc. raised its position in shares of Kimberly-Clark Corporation by 3.5% in the first quarter. Davis R M Inc. now owns 31,653 shares of the company’s stock valued at $4,166,000 after buying an additional 1,067 shares during the period. 70.15% of the stock is currently owned by institutional investors.

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Shares of Kimberly-Clark Corporation (KMB) traded up 0.44% during trading on Friday, hitting $121.52. The stock had a trading volume of 997,383 shares. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.21. The firm has a 50 day moving average price of $122.99 and a 200-day moving average price of $128.55. The stock has a market capitalization of $42.93 billion, a price-to-earnings ratio of 20.29 and a beta of 0.76.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 earnings per share. On average, equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.19%. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.

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Several equities analysts have issued reports on the company. BidaskClub raised Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price target on Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Citigroup Inc. set a $132.00 price target on Kimberly-Clark Corporation and gave the company a “hold” rating in a research note on Wednesday, July 26th. UBS AG reissued a “neutral” rating and issued a $119.00 price target (down from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Finally, Berenberg Bank assumed coverage on Kimberly-Clark Corporation in a research note on Friday, June 9th. They issued a “hold” rating and a $136.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $133.07.

In related news, insider Sergio Cruz sold 7,078 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the transaction, the insider now owns 4,910 shares in the company, valued at $638,349.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert W. Decherd bought 1,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Kimberly-Clark Corporation Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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